DXY is trading near 97.70, attempting a rebound from the 96.90–97.00 support zone (since last week), aligned with the 0.382 Fibonacci retracement.
Prices are facing a confluence of resistance including fib level 0.786 & middle Bollinger band near 97.70 towards approaching the falling trendline resistance around 98.00–98.10, which will be a key inflection level for direction.
RSI has bounced from near-oversold (45 zone) and is pointing higher, suggesting mild bullish momentum in the short term.
On the downside, a failure to hold 97.40 (fib level 0.618) could extend weakness toward 96.90, towards the falling trendline support.
This week’s heavy US data calendar (Powell’s speech, PMIs, GDP, PCE) could provide catalysts for a breakout move.
Overall, bias is neutral-to-bullish in the short term unless 97.40 - 97.00 zone is breached decisively.
Prices are facing a confluence of resistance including fib level 0.786 & middle Bollinger band near 97.70 towards approaching the falling trendline resistance around 98.00–98.10, which will be a key inflection level for direction.
RSI has bounced from near-oversold (45 zone) and is pointing higher, suggesting mild bullish momentum in the short term.
On the downside, a failure to hold 97.40 (fib level 0.618) could extend weakness toward 96.90, towards the falling trendline support.
This week’s heavy US data calendar (Powell’s speech, PMIs, GDP, PCE) could provide catalysts for a breakout move.
Overall, bias is neutral-to-bullish in the short term unless 97.40 - 97.00 zone is breached decisively.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.